Loomio
November 26th, 2016 21:08

Is there a rich person or entity that you would trust buying Twitter?

Moxy
Moxy Public Seen by 447

Maybe there are good rich people. Maybe this person can do the purchase and give the high bid then resell it to a twitter cooperative where everyone contributes by buying shares of the company. The share holders will have a union. The users will have a decentralized democratic governance system.

Priscilla Grim

Priscilla Grim November 28th, 2016 18:38

There are no good rich people. No.

Rachael Lamkin

Rachael Lamkin November 28th, 2016 22:22

@Moxy, While i enjoyed a good laugh at @priscillagrim's joke, i know plenty of good rich people, who do great things with their wealth. The problem here is it would take a REALLY rich person to buy enough shares of TWTR; someone who would gamble on a minimum investment of 6.6 billion. Its too much of a stretch, IMHO.

Priscilla Grim

Priscilla Grim November 29th, 2016 00:17

The key is going to be bringing Twitter employees into the plotting and planning of forming the cooperative.

Danny Spitzberg

Danny Spitzberg December 14th, 2016 05:44

Hey, @moxy!

Haha and yes, actually. And as @priscillagrim and @rachaellamkin said, there are challenges.

One promising approach is to get a large enough bloc of shareholders that a solid proposal has standing. It may not be "irresistible" by force or majority share, but we may not need that. We don't know yet what the opposition looks like, or how entrenched they are.

Here's something happening in-line with bringing Twitter shareholders and staff on board, an event tomorrow and a move to show up in-person -- check out https://www.loomio.org/d/TaMWN2LX